Properties

Comm Ri Multi-units 5+ For Sale

4,374 Sqft - 3256 Nicol Ave, OAKLAND, California 94602

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Property Description

The building consists of a total of six (6) units comprised of five (2 bed / 1 bath) units and one (1 bed / 1 bath) unit. Five units have enclosed garage space parking and all units have access to common area laundry. Storage spaces are available as well. As vacancies occur units can be rented for a premium with in-unit stackable laundry. The soft story retrofit engineering drawings and work were completed in early 2020, allowing exemption from the City of Oakland Soft Story list. Three (3) of the six (6) tenants receive assistance from the Oakland Housing Authority and nearly 43% of income received comes timely from the entity, even during the Covid-19 pandemic proving the property can not only provide further upside, but security of cash flow in times of crisis.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40901903
Price : $1,550,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,374 Sqft
Year Built : 1962
Lot Area : 0.15 Sqft
Features
Heating System : Wall Furnace
Cooling System : Other
Roof : Other
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94602
Street : Nicol Ave
Street Number : 3256
Floor Number : 0
Longitude : W123° 47' 18.2''
Latitude : N37° 47' 29.7''
MLS Addon
Office Name : BCRE
Building Type : 5 Or More Units
Area : Oakland Zip Code 94602
Address : 3256 Nicol Ave
Cross Street : Maple
Directions to Property : Coolidge to Nicol
LA1User Code : 213502386
LA1Agent First Name : Davide
LA1Agent Last Name : Pio
Status Category : Sold
Tot # Parking Spaces : 5
Tot # of Units : 6
List $/SqFt : $354
Age : 58
Apx Lot Sq Ft : 6,500 Sqft
Type of Building : Apt Complex
Annual Taxes : $24,139
Total Deposits : $0
ALL UNITS HAVE : Refrigerator, Other
EQUIPMENT ADDITIONAL : Dryer, Washer, Water Heater Gas
EXTERIOR : Stucco, Wood Frame
FLOORING : Carpet, Tile, Laminate
LOT DESCRIPTION : Level
ON-SITE PARKING DESC : Attached Garage, Off Site Parking, Covered Parking, Enclosed Garage, Garage Parking
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Management, License/ads, Property Tax/assessments, Trash Removal, Utilities, Vacancy Factor, Water
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Refrigerator, Disposal, Oven Range Free Standing
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Inside Unit, In Laundry Room, Dryer, Washer, Common Room
Census Tract : 0
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $2,700
2nd Loan Balance : $127,446
Tot Other Loans : $600
Financial Data Verif(Y/N) : 4.83%
FINANCIAL DATA SOURCE : Owner, Projected
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,550,000
Sold Price : $1,540,000
Previous Price : $1,550,000
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40901903
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 4,374 Sqft
$1,550,000
Agent info
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